PAUL MILL TELEVISION LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04788751

PAUL MILL TELEVISION LTD

Filleted Unaudited Financial Statements

30 June 2026

PAUL MILL TELEVISION LTD

Statement of Financial Position

30 June 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	6		40,994	43,110

Current assets

Stocks		577	772
Debtors	7	24,459	4,960
Cash at bank and in hand		70,296	69,337
		--------	--------
		95,332	75,069

Creditors: amounts falling due within one year	8	93,294		84,053
		--------		--------
Net current assets/(liabilities)			2,038	( 8,984)
			--------	--------
Total assets less current liabilities			43,032	34,126

Creditors: amounts falling due after more than one year	9	16,368	21,799
		--------	--------
Net assets		26,664	12,327
		--------	--------

PAUL MILL TELEVISION LTD

Statement of Financial Position (continued)

30 June 2026

	2026		2025
Note	£	£	£

Capital and reserves

Called up share capital	25,000	25,000
Profit and loss account	1,664	( 12,673)
	--------	--------
Shareholders funds	26,664	12,327
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 20 August 2026 , and are signed on behalf of the board by:

Mr P C Mill
Director

Company registration number: 04788751

PAUL MILL TELEVISION LTD

Notes to the Financial Statements

Year ended 30 June 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brooks House, 1 Albion Place, Maidstone, Kent, ME14 5BJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% straight line
Motor Vehicles	-	25% reducing balance
Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2025: 3 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 July 2025 and 30 June 2026	60,000
	--------
Amortisation
At 1 July 2025 and 30 June 2026	60,000
	--------
Carrying amount
At 30 June 2026	–
	--------
At 30 June 2025	–
	--------

6. Tangible assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 July 2025 and 30 June 2026	33,000	23,000	25,722	19,103	100,825
	--------	--------	--------	--------	---------
Depreciation
At 1 July 2025	–	15,463	23,846	18,406	57,715
Charge for the year	–	1,508	469	139	2,116
	--------	--------	--------	--------	---------
At 30 June 2026	–	16,971	24,315	18,545	59,831
	--------	--------	--------	--------	---------
Carrying amount
At 30 June 2026	33,000	6,029	1,407	558	40,994
	--------	--------	--------	--------	---------
At 30 June 2025	33,000	7,537	1,876	697	43,110
	--------	--------	--------	--------	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	23,902	4,305
Other debtors	557	655
	--------	-------
	24,459	4,960
	--------	-------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	6,145	6,287
Social security and other taxes	8,072	6,111
Other creditors	79,077	71,655
	--------	--------
	93,294	84,053
	--------	--------

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	16,368	21,799
	--------	--------